The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called for reforms in the tax regime to materialise the country's development goal -- 'Smart Bangladesh', reports BSS.
The country's apex trade body has also sought business-friendly tax system and simplification of tax collection process for increasing tax-GDP ratio, diversification of exports, and foreign investment.
FBCCI President Mahbubul Alam made the suggestions at a workshop titled 'Building a Resilient Economy for Vision 2041: Key Challenges and Way Forward' held at the FBCCI office in the city on Tuesday, said a press release.
In his speech, Mahbubul Alam observed that one of the tasks and challenges in building a 'Smart Bangladesh' is to improve the private investment environment.
"Ensuring and facilitating long-term loans for this investment is very important," he added.
The FBCCI chief said the post-Covid crisis situation, the current world geopolitical context, and the economic crisis caused by Russia-Ukraine and the war in the Middle East made some negative impacts on the overall economic activities of Bangladesh.
"However, traders are facing the biggest loss. In such a situation, it has become necessary to take initiatives with coordinated efforts of the public and private sectors to organise the economic and commercial sectors in order to achieve a resilient economy according to the vision 2041," he added.
FBCCI Senior Vice President Md Amin Helaly and Vice President Md Munir Hossain, among others, were present on the occasion.
FBCCI urges tax reforms
FE Team | Published: January 02, 2024 23:08:29
FBCCI urges tax reforms
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